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7/18/14
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Anaheim Hills Office Plaza, a Class A, 73.9k sf office building in Anaheim was acquired by an unnamed institutional buyer. The property, located at 160 North Riverview Dr, was sold by a venture between Chicago-based Blue Vista Capital Management and REALM in Newport Beach for an undisclosed amount.
Anaheim Hills Office Plaza one of the newest office buildings in Orange County and is fully leased to three tenants: Gateway One Lending & Finance, Raytheon and Century 21 Award. Situated on 4.10 acres of land, the property consists of a three-story office building built in 2008. The property is directly visible along the Riverside (SR-91) Freeway and is within walking distance to the Anaheim Hills Festival Center, over one-million square feet of retail and service amenities.
Paul Jones, Blake Bokosky, Bob Smith and Kevin Shannon of CBRE’s Institutional Properties Group represented the seller in the transaction.
“The buyer saw Anaheim Hills Office Plaza as an opportunity to purchase a building in excellent condition with national and regionally recognized tenancy in a recovering Orange County office market. This is their second office purchase in Orange County this year,” noted Smith.
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